Blog

February 25, 2012

Beware of Fraudulent Silver Buyers

Monex, a Newport Beach investment firm, is just one of the many companies giving the market of gold and silver buyers a bad name. This company apparently misled and lied to customers, encouraging them to protect their life savings by purchasing hard assets like gold and silver. Immediately after their customers purchased hard assets, Monex encouraged them to sell to silver buyers on the market, while silver was still a hot commodity. Little did these customers know, these “trustworthy investors” were buying and selling gold and silver to silver buyers on a margin, using money borrowed from other Monex customers.

Some customers claim to have lost upwards of $400,000, while others are upset they’ve lost almost their entire life savings or retirement funds. Monex has been the target of federal regulators and customer complaints, since a Monex predecessor obtained over $1 billion from the unsuspecting public through sham sales of silver coins in 1945. Although Monex claims to be “America’s trusted name in precious metals investment,” after hearing these horror stories, it is obvious that precious metal investment and trading isn’t the most secure route to take.

In a market where the prices of gold and silver change from day to day, it’s hard to find somebody to trust. If you’re like one of the many who is feeling the pressure to make quick cash, a sentiment produced by the failing banks and shaky stock market, why waste time venturing into investing, especially if you have no investing experience to speak of? Skip the risk and sell your silver to the most trustworthy and respectable online silver buyer on the market.

Cash for Silver USA, one of the premiere online gold and silver buyers, will offer you the highest prices, paid in 24 hours, guaranteed. Our system is simple, and with guarantees of 24-hour payouts, you won’t have to worry about us being like all those other silver buyers, who will take your money and run. All your silver items are insured for up to $1,000, and if you aren’t completely satisfied with your payout, you have ten business days, from the date written on the check, for us to return your items to you.

In this bad economy, don’t risk investing your gold and silver items; the stock market is about as unpredictable and risky as they come. Instead, send your items to Cash for Silver USA, the best online silver buyer on the market.